Economy

Don’t Be a Casualty of the COVID-19 Recession

Understanding cash needs, making cuts for efficiency, focusing on the best projects and protecting lien and bond claim rights can help contractors fend off the recession’s financial risk.

Retirement Planning in a Uncertain Market

by Frank G. Sweeney | Jun 2, 2020
Business | Business Development | Economy | Leadership

The CARES Act passed by congress provides some provisions for relief. With the added flexibility provided by the act, plan administrators and participants now have additional options to attempt to navigate through the recent market turmoil.

Nonresidential Construction Spending Falls in April, Says ABC

by ABC | Jun 2, 2020
Economy | Markets

National nonresidential construction spending decreased by 1.8% in April, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau.

Building Resilience: Rethinking the Industry’s Approach to Construction

by Nathan Doughty | May 28, 2020
Economy | Markets

The entire industry is responsible for focusing on the well-being of people and society while looking to meet evolving opportunities and future challenges. These focus areas are critical as we enter the second quarter of 2020.

Drop in April Construction Input Prices Could Help Stabilize Nonresidential Sector

by ABC | May 14, 2020
Economy | Markets | Total Human Health

Construction input prices fell 4.4% in April from the previous month, according to an ABC analysis of BLS Producer Price Index data. Nonresidential construction input prices declined 4.2% for the month.

U.S. Economy Fell 4.8% in First Quarter of 2020 Due to COVID-19, Says ABC

by ABC | May 13, 2020
Economy | Markets | Total Human Health

The U.S. economy contracted at an annualized 4.8% rate during the first quarter of 2020 as a result of the ongoing global pandemic, according to an ABC analysis of BEA data. The decline in GDP is largely a reflection of the final three weeks of March, which devastated the economy.

From All Systems Go to a Deep Recession in One Month

by Anirban Basu | May 13, 2020
Economy | Features | Markets

The economy has gone from the equivalent of 60 to 0 in the blink of an eye after social distancing directives permeated the nation. To try to understand the magnitude of the crisis, Anirban Basu compares it to previous events and evaluates the significance of events.

Contractor Confidence Rebounds Slightly, Despite Low Backlogs

by ABC | May 12, 2020
Economy | Markets

ABC's Construction Backlog Indicator fell to 7.8 months in April, the series’ lowest reading since the third quarter of 2012. Yet, companies express positive hiring expectations for the remainder of the year.

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Don’t Be a Casualty of the COVID-19 Recession

Retirement Planning in a Uncertain Market

Nonresidential Construction Spending Falls in April, Says ABC

Building Resilience: Rethinking the Industry’s Approach to Construction

Drop in April Construction Input Prices Could Help Stabilize Nonresidential Sector

U.S. Economy Fell 4.8% in First Quarter of 2020 Due to COVID-19, Says ABC

From All Systems Go to a Deep Recession in One Month

Contractor Confidence Rebounds Slightly, Despite Low Backlogs

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Three Construction Industry Predictions for Success in 2020

Zero-Energy Commercial Buildings Increase as Contractors Focus on Sustainability

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